Articles
Republicans push back on US climate regulation as Texas threatens to divest firms with anti-oil policies
Mar 19th, 2021
Republican Senators are pushing back against efforts to regulate climate risk, warning of “mission creep” at the Federal Reserve and Securities and Exchange Commission (SEC), as Red state Texas considers new rules to force public funds to divest companies with energy-related exclusions.
The moves suggest that, despite the speed of ESG-related rulemaking under the new Democractic Biden Administration, the US remains split along party lines.
Yesterday, the US Senate Committee on Banking, Housing and Urban Affairs held its first-ever hearing on climate risk, with its Chair, Democratic Senator Sherrod Brown, warning: “We know far too little about how much climate-related risk is sitting on the books of banks and insurance companies. It’s not …
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